Marathon Petroleum Earnings Reports

Marathon Petroleum posted a net loss in Q1 2025 as it executed the second-largest planned maintenance program in its history. However, the midstream segment delivered solid results, supported by strategic pipeline expansions and acquisitions.

Marathon Petroleum Corp. reported a net income of $371 million for the fourth quarter of 2024, a decrease compared to the $1.5 billion reported in the same quarter of 2023. Adjusted EBITDA for the quarter was $2.1 billion, also lower than the $3.6 billion reported in the prior year. The company returned approximately $1.6 billion of capital to shareholders during the quarter through share repurchases and dividends.

Marathon Petroleum Corp. reported a net income of $622 million, or $1.87 per diluted share, for the third quarter of 2024. Adjusted EBITDA was $2.5 billion. The company returned $3.0 billion to shareholders through share repurchases and dividends and announced an additional $5 billion share repurchase authorization.

Marathon Petroleum reported a net income of $1.5 billion, or $4.33 per diluted share, and an adjusted net income of $1.4 billion, or $4.12 per diluted share, for the second quarter of 2024. The company generated $3.2 billion of net cash from operating activities and returned $3.2 billion to shareholders through share repurchases and dividends.

Marathon Petroleum Corp. reported a net income attributable to MPC of $937 million, or $2.58 per diluted share, for the first quarter of 2024. The company safely completed its largest planned maintenance quarter and advanced its midstream growth strategy. MPC returned $2.5 billion to shareholders through share repurchases and dividends and announced an additional $5 billion share repurchase authorization.

Marathon Petroleum Corp. reported a net income attributable to MPC of $1.5 billion, or $3.84 per diluted share, for the fourth quarter of 2023, compared to $3.3 billion, or $7.09 per diluted share, for the fourth quarter of 2022. Adjusted net income was $1.5 billion, or $3.98 per diluted share, for the fourth quarter of 2023, compared to $3.1 billion, or $6.65 per diluted share, for the fourth quarter of 2022. The company returned approximately $2.8 billion of capital to shareholders in the fourth quarter. MPC’s standalone capital spending outlook for 2024 is $1.25 billion.

Marathon Petroleum Corp. reported a net income attributable to MPC of $3.3 billion, or $8.28 per diluted share, for the third quarter of 2023. The company generated $5 billion of net cash from operating activities and returned $3.1 billion to shareholders through share repurchases and dividends. MPC also increased its quarterly dividend by 10% and expanded its share repurchase authorization by $5 billion.

Marathon Petroleum Corp. reported second-quarter net income attributable to MPC of $2.2 billion, or $5.32 per diluted share, compared to $5.9 billion, or $10.95 per diluted share, for the second quarter of 2022. The adjusted EBITDA was $4.5 billion, compared to $9.1 billion for the second quarter of 2022. The company generated $4.0 billion of net cash provided by operating activities and returned $3.4 billion to shareholders through share repurchases and dividends.

Marathon Petroleum Corp. reported a net income attributable to MPC of $2.7 billion, or $6.09 per diluted share, for the first quarter of 2023. The company generated $4.1 billion of net cash provided by operating activities and returned $3.5 billion to shareholders through share repurchases and dividends. The Galveston Bay STAR project commenced operations, and the Martinez Renewable Fuels facility progressed into Phase II.

Marathon Petroleum Corp. reported net income attributable to MPC of $3.3 billion, or $7.09 per diluted share, for the fourth quarter of 2022. Adjusted net income was $3.1 billion, or $6.65 per diluted share, for the fourth quarter of 2022. The company returned $1.8 billion to shareholders through share repurchases in the fourth quarter.

Marathon Petroleum Corp. reported a strong third quarter with a net income of $4.5 billion, or $9.06 per diluted share. Adjusted net income was $3.9 billion, or $7.81 per diluted share, and adjusted EBITDA reached $6.8 billion. The company completed its $15 billion share repurchase commitment and increased its quarterly dividend by approximately 30%.

Marathon Petroleum Corp. reported a net income attributable to MPC of $5.9 billion, or $10.95 per diluted share, for the second quarter of 2022. Adjusted EBITDA was $9.1 billion, driven by higher margins and throughput in all regions.

Marathon Petroleum Corp. reported net income attributable to MPC of $845 million, or $1.49 per diluted share, for the first quarter of 2022. Adjusted EBITDA was $2.6 billion in the first quarter of 2022. The company has repurchased approximately $2.5 billion of company shares since the last earnings call.

Marathon Petroleum Corp. reported a net income of $774 million for Q4 2021, a significant increase compared to $285 million in Q4 2020. Adjusted net income was $794 million, compared to an adjusted net loss of $608 million in the same period last year. The company has been actively returning capital to shareholders, completing 55% of its $10 billion capital return program and announcing an additional $5 billion share repurchase authorization.

Marathon Petroleum Corp. reported a net income of $694 million for the third quarter of 2021, compared to a net loss of $886 million for the third quarter of 2020. The company is progressing with its portfolio optimization and capital return program, having completed approximately 25% of its $10 billion capital return program through October 31.

Marathon Petroleum Corp. reported a net income of $8.5 billion, or $13.00 per diluted share, for the second quarter of 2021. The company closed the Speedway sale, repurchased approximately $1 billion of shares, and is advancing renewable projects and lowering its cost structure.

Marathon Petroleum Corp. reported a net loss of $242 million, or $(0.37) per diluted share, for the first quarter of 2021. Adjusted net loss was $132 million, or $(0.20) per diluted share. Adjusted EBITDA was $1.6 billion, driven by refining margin recovery and stability of midstream business.

Marathon Petroleum Corp. reported fourth-quarter net income of $192 million, or $0.29 per diluted share, compared to $443 million, or $0.68 per diluted share, for the fourth quarter of 2019. Adjusted net loss was $608 million, or $(0.94) per diluted share, compared to an adjusted net income of $1.0 billion, or $1.56 per diluted share, for the fourth quarter of 2019.

Marathon Petroleum Corp. reported a net loss of $1.0 billion for the third quarter of 2020, compared to a net income of $1.1 billion for the same period in 2019. The adjusted net loss was $649 million, compared to an adjusted net income of $1.1 billion in the prior year. The company is progressing with the sale of Speedway and advancing investments in renewables.

Marathon Petroleum Corp. reported a net income of $9 million for Q2 2020, which was significantly impacted by the COVID-19 pandemic. The company announced an agreement to sell Speedway for $21 billion and is taking steps to reduce capital spending and operating expenses.

Marathon Petroleum Corp. reported a first-quarter net loss of $9.2 billion, or $(14.25) per diluted share, which included pre-tax non-cash charges of $12.4 billion. The company is responding to the COVID-19 environment by reducing capital spending and operating expenses. They also enhanced liquidity through senior notes issuance and an additional revolver.

Marathon Petroleum Corp. reported a net income of $443 million, or $0.68 per diluted share, for the fourth quarter of 2019. Adjusted net income for the quarter was $1.0 billion, or $1.56 per diluted share. The company realized $420 million in synergies and generated $2.4 billion of operating cash flow.